Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Based on Japanese GAAP)
August 5, 2024
Company name:
ALPHA SYSTEMS INC.
Stock exchange listing: Tokyo
Stock code:
Representative:

4719
President

URL

https://www.alpha.co.jp/Kiyoshi Saito

Inquiries:
Senior Managing Director
Scheduled date to commence dividend payments:

Kazuhiro Kubota–

Preparation of supplementary material on financial results:
Holding of financial results meeting:

NoNo

TEL

044-733-4111(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Three months ended June 30, 2024
Three months ended June 30, 2023

Millions of yen
8,900
8,485

Operating profit% Millions of yen
4.9948(0.6)
845

Earnings per share

Ordinary profit% Millions of yen
12.2
970(14.8)
863%
12.9(14.7)

Diluted earnings per share

Yen
46.82
41.45

Three months ended June 30, 2024
Three months ended June 30, 2023

Profit% Millions of yen
12.4
657(14.3)
581

Yen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
49,06050,807

As of June 30, 2024
As of March 31, 2024

Equity ratio

Millions of yen
41,606
41,861%84.8
82.4

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
35.00

Yen–

Yen
65.00

Yen
100.00

50.00

–

50.00

100.00Year ended March 31, 2024
Year ending March 31, 2025
Year ending March 31, 2025 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
September 30, 2024
Full year

Operating profit

Ordinary profit

ProfitEarnings per share% Millions of yen% Millions of yen% Millions of yen%

Yen

17,9001.4

1,900(5.1)

1,940(4.9)

1,320(4.6)

94.03

37,500

3.1

4,400

1.2

4,480

1.3

3,050

0.2

217.2614. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

14,052,400 shares As of March 31, 2024

14,052,400 shares

Number of treasury shares at the end of the period
As of June 30, 2024

13,628 shares As of March 31, 2024

13,584 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

14,038,789 shares Three months ended June 30, 2023

214,039,165 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Accounts receivable and contract assets
Securities
Work in process
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Land
Other, net
Total property, plant and equipment

As of June 30, 2024

25,626,683
7,875,454
1,499,966
1,885
192,521–24,650,691
7,070,531
1,499,620
3,878
372,164(2,000)35,196,511

33,594,887

3,934,480
5,173,538
104,827

3,886,842
5,173,538
107,0149,212,846

9,167,395

Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts

26,622

25,761

1,625,058
4,747,090(1,000)1,626,321
4,646,839(1,000)Total investments and other assets

6,371,149

6,272,161

15,610,619

15,465,318

50,807,130

49,060,206

1,609,132
788,707
1,277,802–
3,980,571

1,196,836
70,381469,940
38,4004,470,584

Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Other

7,656,214

6,246,143

Non-current liabilities
Provision for retirement benefits
Other

Total current liabilities

1,061,764
228,010979,394
228,010

Total non-current liabilities

1,289,774

1,207,404

Total liabilities

8,945,988

7,453,547

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

8,500,550
8,647,050
24,678,311(40,429)8,500,550
8,647,050
24,423,082(40,560)

41,785,481

41,530,122

75,66076,536

Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

375,66076,536

41,861,141

41,606,658

50,807,130

49,060,206

Non-consolidated statements of income (cumulative)(Thousands of yen)Three months ended

Three months ended

June 30, 2023

June 30, 2024

Net sales
Cost of sales

8,485,937
6,555,651

8,900,142
6,801,637

Gross profit

1,930,285

2,098,505

Selling, general and administrative expenses

1,084,595

1,150,021

845,690

948,484

Interest income
Dividend income

9,345
600

12,358650

Rental income
Other

9,080
2,258

9,080
3,577

Total non-operating income

21,28425,666

3,661

3,774

Operating profit
Non-operating income

Non-operating expenses
Rental costs
Total non-operating expenses

3,661

3,774

863,313970,375

Gain on sale of non-current assets–

226

Total extraordinary income–

226

Loss on retirement of non-current assets

1,819

573

Total extraordinary losses

1,819

573

Ordinary profit
Extraordinary income

Extraordinary losses

Profit before income taxes

861,493970,028

Income taxes - current

7,041

2,807

Income taxes - deferred

272,470309,926

Total income taxes

279,512

312,733

Profit

581,981657,294

4